NIB minister explains unemployment payments

NASSAU, BAHAMAS — Minister of National Insurance Brensil Rolle yesterday sought to explain payments received by individuals on the government’s unemployment program. Several people have expressed concerns that they received less than $100 in their latest payment. But Rolle told Eyewitness News last night that this was an unexpected circumstance as a result of the […]

Rolle: No determination on NIB rate increase

NASSAU, BAHAMAS — The government has made no determination on repeated recommendations to increase the National Insurance Board’s (NIB) contribution rates, minister with responsibility for National Insurance Brensil Rolle assured yesterday. “That has always been a conversation within the National Insurance Board. All of its directors have been pursuing government to do just that. The […]

NIB board named, Troy Smith appointed chairman

Troy Smith, a 29-year veteran in the life, health, disability and annuity insurance industry and who previously served in numerous management and executive positions, has been appointed chairman of the National Insurance Board (NIB), a statement released yesterday confirmed. Smith’s appointment became effective July 1st. In recent years Smith’s private pursuits are said to have […]

Rolle: NIB a mess

Minister with responsibility of the National Insurance Board (NIB) Brensil Rolle, described the quasi-government social security operation as essentially a mess, pointing to a myriad of challenges he met in place since assuming the office in May. Rolle said as the national fund continues to decrease annually, the Board has regressed with “all types of […]